<p>Real options methodology has long been proposed as an approach to making business decisions, and the field of engineering is no exception. It is valued today as an approach for the evaluation and optimization of engineering systems under uncertainty. This book presents and synthesizes the body of knowledge in the area of real options for engineering systems. Providing case studies at the end of each application chapter, it covers engineering applications across different disciplines such as industrial and civil engineering, and computer science. Step-by-step computations of real options valuation are included.</p>
